The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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iShares MSCI Canada Index
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtWeekly  MACD line has moved below its signal line
Daily :The price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC gave back -0.23 points, or -0.78%, and closed at 29.14 on Friday, December 08, 2017. Weekly volume was -23% below average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 29.52 on December 4, 2017. EWC gained -11.45 points, or -63.36%, in 97 weeks. Price is near the trend high.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on May 18, 2017 at 25.58 and reached 29.52 on December 4, 2017. EWC gained -3.94 points, or -15.40%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (29.25) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term uptrend had started on December 7, 2017 at 28.76 and reached 29.17 on December 8, 2017. EWC gained -0.41 points, or -1.43%, in 1 days. The price is now at the 7.32% retracement level.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 24, 2017. The distance between MACD and the signal line is low and getting smaller.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.11
Williams' Percentage Range (W%R) 48.00
Lane's Stochastic (%D-Slow) 42.43
Greed/Fear Indicator (GFI) 48.83
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.34
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 70.92
Greed/Fear Indicator (GFI) 69.91
Moving Average Converg./Diverg. (MACD) 0.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 29.54
Parabolic System 29.53
Upper Bollinger Band 29.42
Quarterly Trendline Support 29.25
Weekly Stochastic Crossing 29.17
Price 29.14
20 Day Moving Average 29.12
50 Day Moving Average 29.09
Daily Stochastic Crossing 29.05
Lower Bollinger Band 28.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.76
Low Date 12/07/2017
High 29.17
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.76
Low Date 12/07/2017
High 29.17
High Date 12/08/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.52
High Date 12/04/2017
Low 28.76
Low Date 12/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 29.54
Support 29.25
Low 25.58
Low Date 05/18/2017
High 29.52
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 29.52
High Date 12/04/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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